All Posts in credit cards

Can too Many Inquiries Hurt Your Credit Score?

June 16, 2011

Question: I was wondering, can applying for seven or eight credit cards at the same time hurt your credit score? I have excellent credit, but I would like to take advantage of some of the different miles and point promotions going on right now. I just don’t want to tank my score if i do. [...]

How Many Credit Cards Should You Have if You Want to Raise Your Credit Score?

May 19, 2011

  At Ask Mr. Credit Card we enjoy helping people understand credit cards, and we frequently get great questions from our readers. Here’s a really smart question written by someone who wants to raise their credit score in order to get a car loan: I’ve never really paid much attention to my credit score, because [...]

Credit Card Debate

May 10, 2011

Credit Cards are the subject of continuous controversy. On one side are consumer advocates and personal finance experts like myself who encourage the use of credit cards by people who are consistently able to manage their finances without incurring debt. On the other extreme are many personal finance authors who cater to those less able [...]

Tips on Showing Your Child How to Use Credit Wisely

March 5, 2011

Starting back in February 2010, persons under the age of 21 will no longer be able to get a credit card WITHOUT an adult co-signer – or PROOF that they have the income to repay the credit card. In the past, credit card companies rushed to college Campuses (even some high schools) to sign up [...]